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Goldman Sachs has unveiled a new generation of leaders, in a major realignment at the Wall Street bank.
The lender will appoint new global heads for its equities, fixed income and banking businesses, alongside a reshuffle of leadership at its international unit, Goldman said on Tuesday.
The changes highlight Goldman’s effort to refresh its leadership bench and position itself for future challenges, as the firm navigates shifting market dynamics hoping to capitalise on a period of deregulation under the Trump administration.
Erdit Hoxha, Cyril Goddeeris and Dmitri Potishko will take charge of the equities division. Kunal Shah, Anshul Sehgal and Jason Brauth will lead the fixed income unit. Meanwhile, Kim Posnett, Matt McClure and Anthony Gutman have been tapped to oversee the investment banking franchise.
In a significant transition, Shah and Gutman will also assume the roles of co-chief executives of Goldman Sachs International. They succeed Richard Gnodde, a 64-year-old veteran of the bank who is stepping down after leading the international business for more than a decade. Gnodde will take on the position of vice-chair.
“This group of leaders represents the very best of our culture of excellence, client service and teamwork. They have made outstanding contributions throughout their careers to our client franchise, operations and market-leading positions across our business,” said chief executive David Solomon.
This is a developing story
https://www.ft.com/content/d78e6750-fa9f-4c3f-a862-01811c1a08b2
